At Least the Fed Has An Inflation Target, Right?

Five years into the crisis and the Fed still has not adopted a nominal GDP level target. At least we can take solace in the fact that the Fed now has an explicit inflation target, right? After all, the Fed stated it was serious about its new 2% inflation target when announced in January, 2012: [...] View the full post at: At Least the Fed Has An Inflation Target, Right? Related posts: Is the Fed’s Long-Run Inflation Target 2.5%? Inflation or Deflation? Median and Core CPI Inflation Show Price Stability